Closing trade payables Rs. 5,40,000, Net Purchases Rs. 43,20,000. Cash Purchases Rs. 10,80,000. Calculate Trade Payables Turnover Ratio.
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Credit Purchase= Net Profit - Cash Purchase
=43,20,000 - 10,80,000
=32,40,000....
Trade Payable Turnover Ratio=Credit Purchase/ average trade payable
=32,40,000 = 6 times...
5,40,000
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